Grypmat Shark Tank Update

Grypmat Shark Tank Pitch

Tom Burden appeared on Shark Tank Season 9, Episode 10, which aired on November 11, 2017, with non-slip flexible tool tray.

Grypmat is listed in the Accessories Gadgets category. In plain terms, the business is described as non-slip flexible tool tray.

Grypmat asked the Sharks for $200,000 for 10%, implying a valuation of about $2 million.

On the show, Grypmat made a listed deal with Lori Greiner and Mark Cuban for $360,000 for 30%.

If treated as straight equity, the listed deal works out to about $1.2 million implied valuation, down from the original $2 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Grypmat After Shark Tank

Grypmat's multi-Shark deal closed, and the company later came back in a Season 10 update segment. (Grypmat Shark Tank Update

After airing, Grypmat introduced smaller versions aimed at home mechanics, broadening the product beyond aerospace and professional tool users. (Grypmat Shark Tank Update

Outside updates put annual revenue around $2 million in 2023, which makes Grypmat a solid example of a Shark Tank industrial/utility product finding a durable niche. (Grypmat Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches